**Prosus NV’s CIO Ervin Tu Steps Down After Four-Year Tenure**
**Meta Description:** Ervin Tu resigns as President and CIO of Prosus NV after nearly four years, transitioning to an advisory role as the company undergoes significant changes.
**URL Slug:** prosus-nv-ervin-tu-resignation
**Prosus NV’s CIO Ervin Tu Steps Down After Four-Year Tenure**
Ervin Tu, the President and Chief Investment Officer of Prosus NV, has announced his resignation after nearly four years in the role. His departure comes during a transformative period for the South African-Dutch tech investment firm, which has seen significant restructuring and the appointment of a new CEO. Tu, who joined the company in August 2021, will continue to contribute as an adviser, according to a statement released by Prosus.
During his tenure, Tu briefly served as the acting CEO following the resignation of Bob van Dijk in 2023, before Fabricio Bloisi was appointed to the position last year. In his statement, Tu expressed satisfaction with his accomplishments, stating, “I’ve accomplished what I wanted to achieve, and the group is in very good hands.”
Tu played a crucial role in efforts to simplify Prosus’s complex ownership structure and to stimulate growth in its core business. The Amsterdam-based company is primarily owned by Naspers Ltd., based in Cape Town, which spun off Prosus in 2019 while retaining the same management team for both entities. This strategic split aimed to address the distortions in Naspers’s share price caused by its substantial investment in Tencent Holdings Ltd., a Chinese internet giant.
In 2024, Bloisi was appointed CEO for both Prosus and Naspers, transitioning from his previous role at iFood, a Brazilian delivery service within the Prosus portfolio. He has a significant incentive to drive growth, with a potential $100 million bonus if he can double Prosus’s market value by June 2028 and maintain that valuation for an additional year.
Under Bloisi’s leadership, Prosus is pursuing expansion through strategic acquisitions, including a €4.1 billion deal for Just Eat Takeaway.com NV and a $1.7 billion acquisition of online travel agency Despegar.com Corp. Since July 1, Prosus’s shares have risen by 36%, reflecting positive market sentiment and investor confidence in the company’s future direction.
As Prosus continues to evolve, the leadership transition marks a pivotal moment for the company, with new strategies aimed at enhancing its market position and driving sustainable growth.
**FAQ**
**What prompted Ervin Tu’s resignation from Prosus NV?**
Ervin Tu’s resignation follows a successful tenure during which he helped restructure the company and transition leadership, feeling confident that the organization is well-positioned for future success.
